Valvoline Inc (VVV)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 255,400 | 256,400 | 701,400 | 710,600 | 936,700 | 1,087,100 | 2,458,100 | 1,701,400 | 1,621,100 | 1,051,000 | 1,016,000 | 1,001,000 | 1,037,100 | 1,016,000 | 968,000 | 1,214,000 | 1,438,000 | 1,379,000 | 1,384,000 | 794,000 |
| Total current liabilities | US$ in thousands | 353,900 | 351,400 | 963,700 | 317,400 | 362,300 | 405,900 | 621,600 | 924,400 | 919,400 | 641,000 | 585,000 | 541,000 | 568,700 | 507,000 | 448,000 | 506,000 | 444,000 | 432,000 | 401,000 | 421,000 |
| Current ratio | 0.72 | 0.73 | 0.73 | 2.24 | 2.59 | 2.68 | 3.95 | 1.84 | 1.76 | 1.64 | 1.74 | 1.85 | 1.82 | 2.00 | 2.16 | 2.40 | 3.24 | 3.19 | 3.45 | 1.89 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $255,400K ÷ $353,900K
= 0.72
The current ratio of Valvoline Inc has fluctuated over the periods analyzed. The current ratio provides an indication of the company's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations, while a ratio above 1 indicates that the company can cover its liabilities.
Based on the data provided, we observe that the current ratio ranged from a low of 0.72 to a high of 3.95 over the past 20 quarters. The ratio was below 1 in several quarters, indicating potential liquidity concerns during those periods. However, the current ratio improved significantly in some quarters, reaching levels above 3, suggesting a strong ability to meet short-term obligations with current assets.
It is important to note the significance of trends and fluctuations in the current ratio to assess the company's liquidity position accurately. Further analysis of the underlying reasons for these fluctuations, such as changes in asset composition or liability management, would provide additional insights into Valvoline Inc's financial health.
Peer comparison
Sep 30, 2024